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CONTACT INFORMATION
FOR IMMEDIATE RELEASE
Harris Announces the Purchase of the
Financial Product Line and Related Business from Manatron, Inc.
OTTAWA, ONTARIO, May 30, 2003 - Harris Computer
Systems ("Harris"), a leading provider of financial management
software solutions for utilities and local governments, today announced
that it has purchased substantially all of the assets and assumed
certain liabilities related to Manatron’s Financials Product Line
("Manatron").
As a result of the sale, Harris now owns all of the
Fund Accounting, Payroll, Utility Billing and related software that
Manatron had developed or acquired over the last fifteen years.
Harris will immediately be responsible for the support of the more
than 500 Manatron customers who are currently using these solutions.
Harris now services over 1,000 customers throughout North America,
the majority of which are in the United States.
In addition, virtually all members of the Manatron
Financials Product Team will become employees of Harris and will
continue to serve the customer base. This group of employees will
further add to the depth and experience at Harris bringing the total
number of employees to 95. Harris will also establish an office
in Michigan to manage customer support and ongoing development of
the Manatron product suites.
Harris President and CEO Jeff Bender stated, "We
are extremely excited about the tremendous opportunity we have to
continue building meaningful and mutually beneficial relationships
with the former Manatron customers. Harris is committed,
focused and successful in our markets of choice. I believe that
we will provide all of our new customers with outstanding service
and support, a number of very good options for the future, and a
lot of flexibility. We believe in working with our customers
to address their specific needs and circumstances and do not believe
in forcing our agenda on them. With this transaction, we will
also see the benefits of establishing an ongoing relationship with
Manatron as our two companies collaborate and work together for
the mutual benefit of our customers."
Manatron President and CEO Paul Sylvester stated,
"We are very pleased to announce the sale of our Financials
Suite of products and related business as this will enable us to
focus more closely on our property tax and appraisal businesses,
which is really our core competence. Furthermore, we are extremely
confident that both our customers and our employees will be in better
hands with Harris as they have an extensive 26-year history focused
solely on financial and utility billing software and services. We
have committed to work closely with Harris for as long as it takes
to ensure a smooth transition for our customers."
About Harris
Harris is a leading provider of financial management and utility
Customer Information Systems (CIS) and billing software solutions.
Since 1976, Harris has focused on providing feature-rich and
robust turnkey solutions to all levels of local government
as well as public power and water markets throughout North America. Harris'
focus is on creating long-term relationships with our customers
and ensuring that we meet the changing needs of our customers over
time. For further information on Harris Computer Systems, visit
our website at www.harriscomputer.com.
About Manatron, Inc.
Manatron, Inc. designs, develops, markets and supports a family
of web-based and client/server application software products for
county, city and township governments. Manatron’s products support
the back-office processes for these government agencies and also
facilitate the "Virtual Courthouse" by providing Internet
access to information for industry professionals and the public
or by processing transactions over the Internet such as the payment
of property taxes. Manatron provides mass appraisal services, through
its Sabre Appraisal Division, assessing residential, commercial
and other types of properties to ensure updated and equitable property
valuations. Manatron currently operates out of regional offices
in Michigan, Illinois, Indiana, Ohio, Pennsylvania, Florida, and
North Carolina and serves approximately 1,500 customers in 29 states
and three Canadian provinces. Information about Manatron, Inc. is
available at the Company's site on the World Wide Web at
www.manatron.com.
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